ED Enforcement Directorate raids Reliance Power offices in major money laundering investigation. The agency conducted simultaneous searches across 10-12 locations in Mumbai and Hyderabad linked to the Anil Ambani group company. Approximately 15 teams are undertaking the action as part of a broader probe into alleged bank fraud connected to multiple Ambani-linked entities. The raids represent a significant development in regulatory scrutiny of major Indian business groups. The investigation focuses on money laundering allegations stemming from suspected fraudulent banking activities. This action underscores intensifying enforcement actions against large corporations in India's financial sector.
